Nanjing Titanium Dioxide terminates investment in LFP joint venture
2025-04-08 12:01:25 [Print]
Nanjing Titanium Dioxide Chemical Co., Ltd., a wholly owned subsidiary of GPRO Titanium Industry Co., Ltd., announced the decision to terminate the planned investment in a joint venture project.
The company had originally planned to jointly invest with Lanzhou Jinchuan Science and Technology Park Co., Ltd. and Gansu Nickel Capital Industrial Investment Fund (Limited Partnership) to establish a joint venture with a registered capital of 500 million yuan (68.23 million US dollars). Jinchuan Tech Park was to contribute 400 million yuan (54.58 million US dollars), while Nanjing Titanium Dioxide and the Nickel Capital Fund would each contribute 50 million yuan (6.82 million US dollars).
The joint venture was intended to develop a 200,000tpa lithium iron phosphate (LFP) project. However, considering Nanjing Titanium Dioxide's current financial position and the postponement of iron phosphate project, the company has decided to call off the planned investment.
The company had originally planned to jointly invest with Lanzhou Jinchuan Science and Technology Park Co., Ltd. and Gansu Nickel Capital Industrial Investment Fund (Limited Partnership) to establish a joint venture with a registered capital of 500 million yuan (68.23 million US dollars). Jinchuan Tech Park was to contribute 400 million yuan (54.58 million US dollars), while Nanjing Titanium Dioxide and the Nickel Capital Fund would each contribute 50 million yuan (6.82 million US dollars).
The joint venture was intended to develop a 200,000tpa lithium iron phosphate (LFP) project. However, considering Nanjing Titanium Dioxide's current financial position and the postponement of iron phosphate project, the company has decided to call off the planned investment.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
